Sunbelt Investment Holdings, Inc. (SIHI) added to its Southern California retail portfolio in a big way.
The San Diego-based firm recently acquired the largest Home Depot on the West Coast, and the second largest Home Depot in the nation, The Home Depot Superstore in Anaheim Hills, CA.
This flagship store is 205,000 square feet and is located on 18 acres along the north side of the Interstate 91. With an average of 259,489 cars per day passing the site, this is one of the most visible locations for both local and regional shoppers in the immediate and adjacent trade areas. Average household income within a five-mile radius is very affluent at more than $162,300 per year.
“This asset purchase represents the fourth Home Depot lease in our retail portfolio,” said Todd Holzer, President of SIHI. “We continue to pursue well located retail centers with top tenants in infill restricted areas of Southern California and metro Phoenix.”
SIHI now owns 18 shopping centers in Southern California and 3 in Arizona, representing approximately 4 million square feet of Class A retail space. In addition to its retail portfolio, SIHI is an active land and industrial developer in metro Phoenix, with over 2,400 acres of business park ready for ground up development.
SIHI also owns Home Depot locations at Genesse Plaza in San Diego, on Sports Arena Blvd. in San Diego and a store in San Bernardino. The new Anaheim Hills store is the largest single retail building in the SIHI portfolio.